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During the mid 1990s, when most of the national electricity and natural gas markets were still Dmonopolised, the European Union (EU) decided to gradually open the markets of the Member States to implement a higher degree of competition in its internal energy market. Besides the US, Europe could already draw on longstanding experiences with the liberalisation of its grid-based energy industry. As a consequence, it might turn out to be instructive for countries like India that are developing gas markets to have a look at some of the experiences and features as well as risks and opportunities which could arise out of changing institutional frameworks and market conditions.
Correspondingly, this Issue Brief may be regarded as an input for further discussion to gain from potential windfall opportunities that might arise for India’s natural gas industry as well as lay the requisite foundation for a future plan.
For over a decade, the Observer Research Foundation (ORF) and the India Energy Forum (IEF) have been jointly organising national and international conferences under the brand name Petro India. These annual conferences have been focussing on key issues impacting the hydrocarbon sector in India. Petro India has created a niche for itself by hosting a large number of professionals and policy makers connected with this sector. The remarks made by the speakers at these events are widely covered in the media. This year the Petro India Conference was organised on December 11, 2013 on the theme “Hydrocarbons: India’s Regulatory Dilemma—Too Much or Too Little?”. This Issue Brief is based on a presentation made at Petro India 2013.
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